Mitsubishi Aircraft to open Europe quality-control centre
mitsubishi Heavy Industries Ltd.’s aircraft unit, building Japan’s first passenger jet, will set up a quality-assurance center in Europe after pushing back the delivery of the aircraft by more than a...
View ArticleMarket rebounds as index rises by 0.2%
Trading activities on the Nigerian Stock Exchange witnessed a reversal on Monday as transactions closed positive. The market capitalisation of the listed equities rose by N28bn or 0.2 per cent from...
View ArticleBanks granted N8.15tn loans in 2012 – NDIC
The total loan portfolio of the banking sector rose by 12.10 per cent from N7.27tn in 2011 to N8.15tn in 2012, according to the Nigeria Deposit Insurance Corporation’s annual report and statement of...
View ArticlePAPDA canvasses fair competition in phone market
The Phones and Allied Products Dealers Association (Computer Village chapter) has said the Nigerian phone market has the potential to grow more if operators remain fair in their competition. The...
View ArticleFirm develops online directory for Egba businesses
A media outfit, Climax Media and Economy Investment Company, has embarked on the development of an online directory dedicated to businesses owned by the Egba people in Nigeria and the Diaspora. The...
View ArticleNigerian digital agency expands to Kenya
Wild Fusion, a Nigerian digital marketing agency, has opened an office in Nairobi, Kenya, as it pursues its African expansion programme. The firm, which was founded by Abasiama Idaresit, manages a...
View ArticleHTC executives detained over leaked trade secrets
three HTC Corp design executives were arrested on suspicion of leaking trade secrets, sending the Taiwanese smartphone maker’s shares tumbling on Monday as its troubles deepened amid a wave of senior...
View ArticleKonga boss predicts rapid growth for online shopping
The Chief Executive Officer, Konga.com, Mr. Sim Shagaya, has said despite the huge challenges in Nigeria, online shopping firms can experience geometrical growth. He listed some of the challenges as...
View ArticleSWIFT Networks to test LTE data
SWIFT Networks, provider of broadband Internet and data services, has announced that 500 volunteers will test-run its new Long Term Evolution network in preparation for its unveiling in Lagos. SWIFT,...
View ArticleAirport waiting times to drop with new technology
passengers will spend less time at airports in coming years as more efficient operators deploy advanced technology to reduce waiting, aviation services company Arinc Inc. said. Bloomberg reported that...
View ArticleAMCON seeks buyers for Enterprise Bank
The Assets Management Corporation of Nigeria has formally invited interested buyers to express interests in acquiring its 100 per cent stake in Enterprise Bank Limited, one of the three banks...
View ArticleEcobank chief, Tanoh, to forego bonus
The Chief Executive Officer, Ecobank Transnational, Thierry Tanoh, has said he will forego a controversial $1.14m bonus for 2012 and launch an internal inquiry into allegations of mismanagement, in a...
View ArticleSanusi laments worsening unemployment situation
The Governor of the Central Bank of Nigeria, Mr. Sanusi Lamido, on Monday said the current rate of unemployment in the country was worrisome. Sanusi said this in Calabar at the inauguration of...
View ArticleCBN sells forex worth $258.5m
The Central Bank of Nigeria on Monday sold $258.5m (N40.06bn) worth of foreign exchange at its bi-weekly Wholesale Dutch Auction System. The News Agency of Nigeria reported that the CBN sold $263.67m...
View ArticleNokia to sell handset business to Microsoft for $7.2 bn
Two years after hitching its fate to Microsoft’s Windows Phone software, Nokia collapsed into the arms of the U.S. software giant, agreeing to sell its main handset business for 5.44 billion euros...
View ArticleWe’ll make credit cheaper for farmers – Jonathan …inaugurates employment...
President Goodluck Jonathan on Tuesday called on the private sector to take full ownership of the Federal Government’s Agriculture Transformation Agenda, adding that his administration would make...
View ArticleSkoda Octavia targets practical, high-tech buyers
Skoda appears to have bounced back to reckoning in the Nigerian auto industry with the unveiling of two new models: the all-new Octavia and Rapid. Its representative in Nigeria, the Skoda World, says...
View ArticleHSBC’s chief advisor to lead global M&A unit
HSBC, Europe’s biggest bank, has picked Florian Fautz to head the group’s mergers and acquisitions unit, a spokesman for HSBC Germany said on Tuesday. Reuters reported that Fautz, current head of...
View ArticleEmployment: Minister urges NSE to monitor construction firms
The Minister of State for Niger Delta Affairs, Mr. Darius Ishaku, has called on the Nigerian Society of Engineers to monitor the engagement of Nigerian engineers by construction firms in the country....
View ArticleFG to spend N16bn on rural electrification
A total of N16bn will be spent by the Federal Government on rural electrification projects this year, the Minister of State for Power, Mrs. Zainab Kuchi, has said. She said a large percentage of the...
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